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Valent to enter US consumer market
Sep. 2, 2008
Green Light sells a wide range of self-branded garden pesticides and fertilisers through distributors and retailers. The planned acquisition covers all Green Light brands, registrations and intellectual property. The deal is expected to be completed within 30 days of the August 14th agreement between the two companies.
Valent sees the deal as an opportunity to enter a market that is experiencing “unprecedented growth”, says the company’s president and chief operating officer, Trevor Thorley. “With this acquisition, we will blend Valent’s strong reputation for developing new, highly-effective products with Green Light’s rich history and commitment to serving this market,” he adds.
Valent believes that it is well placed to take advantage of opportunities in the consumer pesticide market. Recent introductions of several new fungicides and insecticides have significantly increased Valent’s presence in the commercial turf and ornamental sectors, the company points out. Moreover, parent company Sumitomo Chemical is Japan’s leading supplier of consumer lawn and garden products, it adds.
Source: Agrow
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